IndiaMART InterMESH Limited , a leading B2B e-commerce platform, has announced a postal ballot to seek shareholder approval for two significant resolutions. The company is looking to appoint a new Independent Director and approve a related party transaction for a key executive position.

Appointment of New Independent Director

The first resolution proposes the appointment of Ms. Vasuta Agarwal as an Independent Director for a three-year term, from July 18, 2025, to July 17, 2028. Ms. Agarwal brings over 18 years of experience in the digital industry and strategy consulting domain to the board.

Ms. Agarwal's impressive credentials include:

• A Bachelor's degree in Engineering from BITS Pilani
• An MBA from the Indian Institute of Management, Bangalore
• Extensive experience in global ad monetization and performance advertising
• Recognition in various industry lists, including the Economic Times 40 Under Forty and Campaign Asia's 40 Under 40

Her appointment is expected to provide valuable insights into digital strategies and global expansion, potentially benefiting IndiaMART's growth initiatives.

Related Party Transaction for Executive Appointment

The second resolution seeks approval for a related party transaction involving the appointment of Mr. Amit Agarwal as Vice President for Product & Technology. Mr. Agarwal, son of Managing Director and CEO Dinesh Chandra Agarwal, is set to receive an annual remuneration of up to Rs. 84.00 lakhs.

Mr. Amit Agarwal's qualifications include:

• A Bachelor of Science in Mechanical Engineering with a minor in Computer Science from Georgia Institute of Technology
• A Master of Science in Robotic Systems Development from Carnegie Mellon University
• Specialization in AI and Robotics
• Over 8 years of experience with HRL Laboratories and Cashify

His appointment aims to contribute to IndiaMART's AI-driven initiatives and accelerate the company's next phase of growth.

Voting Process

The company has initiated a remote e-voting process for these resolutions:

IndiaMART has emphasized transparency in this process, engaging an independent scrutinizer to oversee the voting and results declaration.

These proposed appointments reflect IndiaMART's focus on strengthening its leadership in digital strategies and technological innovation, potentially positioning the company for future growth in the B2B e-commerce sector.

IndiaMART InterMESH Ltd , India's leading B2B marketplace, has reported a solid performance for the first quarter of fiscal year 2026, with notable growth in revenue and customer collections. The company's strategic focus on enhancing its digital presence and improving user experience has yielded positive results.

Financial Highlights

IndiaMART delivered a consolidated revenue of Rs 372.00 crores in Q1 FY26, representing a 12% year-on-year growth. Collections from customers grew by an impressive 17% to Rs 430.00 crores, while deferred revenue increased by 17-18% to Rs 1,735.00 crores.

Operational Performance

The company reported 29 million unique business enquiries, up 17% year-on-year, indicating strong user engagement. The total number of paying suppliers stood at 218,000, with net paying subscriber additions of 1,500 in the quarter.

Digital Marketing Initiatives

In a significant move, IndiaMART increased its digital marketing spend to Rs 5.00-6.00 crores from Rs 1.00 crore in the previous quarter. This investment is part of the company's performance marketing experiments on YouTube and Meta platforms, aimed at enhancing its online presence and attracting more users.

Profitability

The company maintained strong profitability metrics:

IndiaMART's financial position remains robust, with a cash and treasury balance of Rs 2,762.00 crores.

Customer Segments and Retention

Management indicated that churn remains elevated for silver customers but stable for gold and platinum customers. These premium segments constitute approximately 50% of the customer base and contribute about 75% of the company's revenue, showing strong upsell and retention rates.

Future Focus

IndiaMART plans to continue its digital marketing investments at Rs 6.00-10.00 crores per quarter. The company is also focusing on product improvements and AI implementation to enhance its offerings and streamline business operations on the platform.

Investor Relations

The company recently held analyst and institutional investor meetings, demonstrating its commitment to transparency and stakeholder engagement. As per the LODR data, IndiaMART conducted one-on-one meetings with Capital Group and SVAN Investment on July 23, 2025, discussing the company's performance and strategies.

IndiaMART's Q1 FY26 results reflect its strong market position and strategic initiatives in the B2B e-commerce space. The company's focus on digital marketing, coupled with its efforts to improve user experience and implement AI technologies, positions it well for continued growth in the evolving digital marketplace landscape.